MEPs voted down reforms last week
MEPs reach new deal on ETS reform
Cap reduction stays at diluted level but free allowances phased out by 2032
MEPs in the European Parliament’s environment committee have reached a new deal on the reform of the EU emissions trading system (ETS) and the introduction of the carbon border adjustment mechanism (CBAM), which they say should receive approval by the Parliament as a whole in a vote on 22 June. Last week, the Parliament voted against a reform package for the ETS, sending the law back to the committee stage after it was heavily amended. While there was consensus between political groups on many issues in the report—such as the inclusion in the scheme of the maritime, road transport and building sectors—some issues proved more controversial, in particular the rate at which the ETS emissions ca
Also in this section
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
